Day Ahead

Friday, September 20, 2013, Marketing Communication Opening Call The FTSE is called down around 10 points on the open today UK Corporate Announcements Brainjuicer states that it is on track to meet the full year market profit expectations, after H1 revenues of £10.8m UK News RBS has sold a further 18% stake in Direct Line, thought to have have raised over £630m The Telegraph writes on how the government is looking at plans to use banks and credit card companies to help clean up the web, by having payments to websites that do not stop children accessing porn will have payments to them blocked Foxtons had initially set its price range at 190-230p, then yesterday tightened this to 220-230p and today it confirms it is setting its IPO price at 230p/share giving it a market cap of £650m with conditional dealing to start today UKIP holds its Annual Conference today at Westminster The UK sells £2.5bn at 11:10 UK Analyst Changes Gkn Raised To Buy Vs Hold At Socgen Halfords Raised To Buy Vs Neutral At Citi Icap Cut To Neutral Vs Buy At Bofaml Sainsbury Raised To Neutral Vs Sell At Citi Ahead Of 2Q Tate & Lyle Cut To Neutral Vs Outperform At Credit Suisse UK Insider Buying Berkeley Group Holding, (BKG), 1 insider(s) bought 1000 shares, £20.55 British Sky Broadcast, (),  insider(s) bought 9194 shares, £8.62 Cello Group Plc, (CLL), 1 insider(s) bought 15200 shares, £0.64 Enegi Oil Plc, (),  insider(s) bought 1600000 shares, £0.09 Johnston Press Plc, (JPR), 6 insider(s) bought 181259 shares, £0.15 Lxb Retail Properties, (),  insider(s) bought 278990 shares, £1.11 Norcon Plc, (NCON), 2 insider(s) bought 110000 shares, £0.16 Oxford Biomedica Plc, (OXB), 1 insider(s) bought 100000 shares, £0.03 Shanta Gold Ltd, (SHG), 2 insider(s) bought 264572 shares, £0.14 UK Insider Selling Carillion Plc, (CLLN),  insider(s) sold 9650 shares, £3.24 Dialight Plc, (DIA),  insider(s) sold 21284 shares, £11.5 FTSE 100 Movers Major European Companies Reporting None Detailed European Market Summary Angela Merkel leads the polls ahead of the Sunday elections Adidas has cut its full year forecasts citing FX moves and distribution constraints Telecom Italia is reportedly considering the sale of mobile phone towers Simon Warshaw has announced he is leaving UBS, he was in the news recently as he received a significant bonus based on his advising Vodafone on their stake sale to Verizon Iceland’s prime minister states that UK banks have failed to learn from the financial crisis and suggests that a UK housing bubble risks a banking collapse Global Market Footprint Major US Stock Movers After Hours Tibco gained 7% after hours as it announces Q3 adjusted revenues ahead of the expectations S&P 500 Companies Reporting Darden Restaurants Inc, Q1, 0.707,  Cintas Corp, Q1, 0.63 US Market News Apple will be the focus of much of the news coverage today as its retail stores start selling its latest iPhone Warren Buffet has called the Fed the greatest hedge fund in history as he estimates it is generating $80-90bn a year in revenues for the US government. He has also stated that he sees stocks as being fairly priced right now Amazon’s chief strategy officer has died in a cycling accident, she was 50 years old, and previously was CFO as the company went public JP Morgan agrees to pay $920m to settle charges from UK and US authorities of the London Whale losses, above the original expectations of around $600m seen Empire State Realty, the owner of the iconic US building, continues with its plans to raise over a $1bn in an IPO, after it rejects a $1.4bn offer from Thor Equities US regulators have rejected an application from Prudential Financial who has contested its designation as systemically important financial institution; it is the 2nd largest life insurer in the US S&P puts additional pressure on the major exchanges  stating that future exchanges outages that cite system glitches, could trigger a downgrade Goldman’s has missed out after a clerical error at the NY Federal reserve gave the bank none of the three month T-Bills it had ordered in a government debt auction Priceline is in the news as it traded above $1000/share yesterday and moving ahead of highs posted in the dot com bubble Today's Bloomberg Social Velocity Alerts, (BSV) BioMarin Pharmaceutical Inc (BMRN) Chipotle Mexican Grill Inc (CMG) FleetMatics Group PLC (FLTX) InvenSense Inc (INVN) JPMorgan Chase & Co (JPM) Starbucks Corp (SBUX) Overnight Market News Wison Engineering’s CFO has resigned as part of a wider investigation by Chinese authorities over contracts surrounding PetroChina Top FX The euro is 0.4% away from 4 year highs as consumer confidence in the region moves up to its highest level for two years Economic Data Due 15:00 Eurozone September Consumer Confidence, -14.3 exp. -15.6 previous Economic Events Fed's Bullard speaks in New York S&P Quarterly Review Becomes Effective FTSE 100 Quarterly Review Becomes Effective UK Retail Sales CFD Sales/Traders 0044 (0) 207 894 8883 cfdsales@cantor.com Equity Spread Bet Sales 0044 (0) 207 894 8800 sales@cantorcapital.com Footnotes FTSE 100 Call as at 6:45am Analyst Changes, as at 6:30am Times given are UK Local Time, (GMT or GMT +1 during BST) Insider Deals data compiled from Director/PDMR Shareholding forms published in the past 24 hours (ex weekends). 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